The Ibex recovers the 9,700 points thanks to the electric sector and Inditex

Técnicas Reunidas has been the most bullish value of the session after rising 2.8%. It is followed by ACS (+ 2.12%), encouraged after the CNMV gave the green light to the takeover of Hochtief, its German subsidiary, by Abertis. The third most bullish value was Mapfre, which rose 1.87%.

In green we also highlight Gas Natural (+ 1.55%), driven, like most of the energy sector, by the 'mega-operation' of the German RWE and Eon, which have agreed to an exchange of activities and capital for more than of 20,000 million euros. Other Spanish energy companies have caught on to the news and closed in green: Endesa (+ 0.43%), Iberdrola (+ 0.1%).

Also in green at the close, Inditex, which rises by 1%, with the market pending of its 2017 results, which will be published this Wednesday, March 14. The banking sector has been another of the big impulses of the index, with all its firms in green, especially Santander (+ 0.44%) and BBVA (+ 0.42%).

In red, Acciona dropped 0.89%, followed by ArcelorMittal (-0.66%) and DIA (-0.31%). Also with losses at the close is Aena (-0.06%), after the analysts of Sabadell have advised sell their securities.

EUROPE AND WALL STREET

In Europe, a mixed sign among the big indices, with losses for the Footsie 100 after Wall Street ended last Friday with new historical highs in the Nasdaq, a figure that continues to surpass during the session on Monday.

"One of the main reasons for Friday's market reaction was an employment report (in the US) that did not seem to support the signs of rigidity that the latest reports on the US labor market are showing. (...) This seems to be supported due to the fact that salary growth slowed from 2.9% in January to 2.6% and against the expectation of an increase of 2.8%, "says Michael Hewson, head of analysis at CMC Markets in United Kingdom.

The Ibex rose by 1.6% last week, but remains weak, according to the technical analysts of 'Bolsamanía'. "Little can be said of an index that is still immersed in a clear corrective phase and that is relatively far from the first resistance really, the 9,940 points," these experts say.

WEEKLY AGENDA

All in all, a week that is loaded with references of interest kicks off. First, from the business point of view, Inditex is the absolute focus. The textile company publishes its accounts this Wednesday and the market will be on the lookout (especially after the 7% collapse suffered on February 23, when it anticipated analysts that these figures would not be up to the initially predicted).

In addition, this week there is 'quadruple witch hour', that is, expiration of options and futures on both sides of the Atlantic, which will take place this Friday. This event usually produces more movement and volatility in the stocks, so we will have to check the effect it has.

Likewise, and to close the week, presidential elections are held in Russia, elections that will most likely ensure another victory for the current president, Vladimir Putin.

As for today, there are talks about the conclusions of the XIII National People's Congress of China, where it has been approved that President Xi Jinping is in power for life. In addition, in other events on the agenda, this Monday the Eurogroup's finance ministers met in Brussels, for the first day of Román Escolano, Spain's new economy secretary.

As for the rest, the possibility of a trade war will continue after the approval of tariffs on steel and aluminum by Donald Trump.